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updated 10:54:52 PMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~69d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+42.85%
1d Period Avg+66.71%
swing±43.58%
LONG Backpack · nowPUMP_USDC_PERP
−16.56%
1d avg:−10.35%
SHORT N1 · now
+26.30%
1d avg:+56.36%
Entry Spread Now
−0.033%
Against youL ask 0.004279 · S bid 0.004278−$3.27 at entry
24h range −0.11%…+1.57% · median +0.13%
Long pays every1hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.010%/taker0.050%
Loading Funding History…
↗Total PnL
−$789.01
−7.89%
$Avg Daily PnL
+$9.13
+0.0913%
★Best Day
+$17.96
Sep 18
◎Open Interest
Backpack$752.0K
N1$7.8K⚡Funding APR
+33.33%
annualized · funding only
⚠Execution Cost
−$807.27
entry + exit fees
⏱Payback
2.9mo
to break even
◧24h Volume
Backpack$631.2KN1$8.1KLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + live L2 orderbook slippage on both legs (−$807.27 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.